They confirmed the funds would proceed through the subsequent monetary yr and for one more 35 years after that.
Paperwork produced for latest conferences revealed the whole contribution in 2023-24 was £1.143m, with a mean curiosity cost of 4.1%.
Price range papers additionally reveal that, total, just a little beneath 10% of the annual income finances goes on debt repayments. These will be affected if rates of interest rise or fall.
The council stated that in 2025-26, debt repayments had been anticipated to be about 9.9% of the council’s £180m income finances.
The authority’s finances papers identified that the council generates an revenue from schemes similar to its arms-length housing firm Nuplace and the Development Fund.
This information was gathered by the Local Democracy Reporting Service which covers councils and different public service organisations.
